The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Steve_C who wrote (205316)	5/30/2009 2:01:48 PM
From: Skeeter Bug	Read Replies (1) of 306849

>>And, guess what, he says it to you, and you agree with him!<< again econ 101. your lack of understanding is wasting everyone's time. "all else equal" doesn't apply to the real estate markets in washington and CA. their economies are significantly different. therein lies the different price / property tax ration, not in the property tax rate itself. it is absurd to argue that raising property taxes, all else being equal, will increase demand and pricing for housing. if that were true, we'd all want 50% property taxes so we could sell at all time highs! hopefully, increasing property taxes to 50% sending homes to immediate all time highs sounds absurd to you. that is your basic argument - and it is absurd. econ 101 would benefit you. greatly.

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